Disaster recovery firm FFDR is expanding after winning three major new contracts.

The Lochgelly-based all trades contractor, which specialises in salvaging flood and fire-ravaged properties, expects to take on at least 10 new staff and add more than £1million to it's annual turnover thanks to the new contracts with Homeserve, Improveline and Lanes Assistance.

Ffdr managing director Ronnie Klos also quashed rumours of a £10m takeover bid for the business he established in 1998.

He said: "This is a fantastic time for us. The new contracts, coming at a time when we are also strengthening the management team, means we are moving forward confidently.

"This underlines that we are a fast-growing company thanks to our commitment to high standards and excellence.

"While these new deals are very exciting, we have also just renegotiated all of our existing major contracts. This safeguards all of our jobs until at least 2011 and in this sector that kind of security is amazing. Hopefully that will be a key factor in helping us to secure the additional skilled tradesmen we will be looking for, because everyone is in the same position when it comes to the difficulties of finding quality staff."

A £100,000 investment in new technology has given FFDR a vital edge, says Klos.

Three years ago the company bought the rights to Claimsort software which allows insurance companies to track FFDR staff in real time when dealing with customer queries.

Klos said the takeover rumours were sparked off when he called a staff meeting this week to explain the plans for the future.

"I have actually received two offers for the business in the past 12 months and turned down both," he added.

'While these new deals are very exciting, we have also renegotiated all of our existing contracts'